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World Auto Market Growth – 2011

According to the reports from experts in the industry, the growth of the world automobile industry will be growing by 6 percent in 2011 compared to the last year. In 2010, auto sales reached a record 72 million, beating the previous mark of 70 million set in 2007 before a global recession cut into auto sales. This is because the auto sales is supported by the overall growth in the world economy.

The auto sales in 2010 was 72 million, and in 2011 it will be 76.5, 90 million to 91 million sales will be made in 2013, surpassing 100 million new vehicle sales in 2015.

Chinese sales rose from 8.8 million in 2008 to 17.2 million in 2010, In 2010, China was the top auto market in volume of sales followed by the United States, Japan, Brazil and Germany. China the no.1 automaker will sell 6 million cars and US is expected to stand in 2nd position with sales reaching 15 million in 2012. By 2015, India will be the third largest market and Brazil will be the fourth largest market in the world.